As previously reported, BofA analyst Koji Ikeda downgraded nCino (NCNO) to Neutral from Buy with a price target of $22, down from $45, after the vertical software vendor gave FY26 guidance below the Street forecast. Challenged sales execution, longer than anticipated acquisition integration, and elevated interest rates are some of the reasons affecting the outlook, notes the analyst, who is positive long-term but believes the risk/reward is balanced until there are more data points that the challenges affecting the FY26 growth outlook are “solidly behind the business.”
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Read More on NCNO:
- nCino downgraded to Neutral from Buy at BofA
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